The ideas that I trade by:

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TheRumpledOne
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Re: The ideas that I trade by:

Postby TheRumpledOne » Mon Jun 20, 2016 9:31 pm

Hey MO:

Did you get my latest email?
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Tue Jun 21, 2016 1:05 pm

TheRumpledOne wrote:Hey MO:

Did you get my latest email?


TRO wrote:...
What are the reasons you would enter long?

What are the reasons you would enter short?


It is easy to see but difficult to explain, TRO.

Simply be more selective with which horizontal lines you trade; try and get in on a larger
idea rather than trading every possible trigger.

I use a 3.5 line stop loss:

if line #24 is touched then my stop is at 24.5 and I can short 23, 22, or 21.
If line #25 then my stop is 25.5 and I can short 24, 23, or 22.
Price makes a BI to 21, stop at 21.5,...
If price makes a BI to 22+ then stop might go to 25.5.
It is the idea that one simply enters within the space of acceptable risk.

EURUSD_BAR.png
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TheRumpledOne
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Re: The ideas that I trade by:

Postby TheRumpledOne » Tue Jun 21, 2016 1:39 pm

What indicator are you using to draw your levels?
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



Please do NOT PM me with trading or coding questions, post them in a thread.

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Tue Jun 21, 2016 1:59 pm

TheRumpledOne wrote:What indicator are you using to draw your levels?


I use the EIGHTSv4 indicator.

EDIT: Lines spaced to 2.5% of the median weekly range is what I define as "short term" trading.

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TheRumpledOne
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Re: The ideas that I trade by:

Postby TheRumpledOne » Tue Jun 21, 2016 2:57 pm

Thanks MO.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Re: The ideas that I trade by:

Postby Jalarupa » Tue Jun 21, 2016 3:40 pm

MightyOne wrote:
TheRumpledOne wrote:Hey MO:

Did you get my latest email?


TRO wrote:...
What are the reasons you would enter long?

What are the reasons you would enter short?


It is easy to see but difficult to explain, TRO.

Simply be more selective with which horizontal lines you trade; try and get in on a larger
idea rather than trading every possible trigger.

I use a 3.5 line stop loss:

if line #24 is touched then my stop is at 24.5 and I can short 23, 22, or 21.
If line #25 then my stop is 25.5 and I can short 24, 23, or 22.
Price makes a BI to 21, stop at 21.5,...
If price makes a BI to 22+ then stop might go to 25.5.
It is the idea that one simply enters within the space of acceptable risk.

EURUSD_BAR.png


Hey MO,

When you add, what's the math for adjusting stop space if you not doubling? Or are you only doubling to KIS?
Feed my will to feel this moment urging me to cross the line.
Reaching out to embrace the random.
Reaching out to embrace whatever may come.

I trade using <<FX SYNERGY>>

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Tue Jun 21, 2016 4:27 pm

Jalarupa wrote:
Hey MO,

When you add, what's the math for adjusting stop space if you not doubling? Or are you only doubling to KIS?


Increasing by a third is (3/4) or 25% less space (space = 75%).

Let's test it out:

$1 * 10 = $10
$1.334 * (10 * .75) = $10.

Trading 3 or more pairs and then increasing them by a third is the new double.
Last edited by MightyOne on Tue Jun 21, 2016 4:31 pm, edited 1 time in total.

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Jalarupa
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Re: The ideas that I trade by:

Postby Jalarupa » Tue Jun 21, 2016 4:30 pm

Thanking you! :D
Feed my will to feel this moment urging me to cross the line.
Reaching out to embrace the random.
Reaching out to embrace whatever may come.

I trade using <<FX SYNERGY>>

Sacrophage
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Re: The ideas that I trade by:

Postby Sacrophage » Tue Jun 21, 2016 5:54 pm

MightyOne wrote: Simply be more selective with which horizontal lines you trade; try and get in on a larger
idea rather than trading every possible trigger.

I use a 3.5 line stop loss:

if line #24 is touched then my stop is at 24.5 and I can short 23, 22, or 21.
If line #25 then my stop is 25.5 and I can short 24, 23, or 22.
Price makes a BI to 21, stop at 21.5,...
If price makes a BI to 22+ then stop might go to 25.5.
It is the idea that one simply enters within the space of acceptable risk.

EURUSD_BAR.png


Looking pretty darned objective there, Mighty! Why would you NOT enter at your first potential entry line? Say, line 24 touch but decide not to enter on 23...

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Tue Jun 21, 2016 6:17 pm

Sacrophage wrote:
Looking pretty darned objective there, Mighty! Why would you NOT enter at your first potential entry line? Say, line 24 touch but decide not to enter on 23...


It is based on 2 line reversal HL P&F charts.

There are times when you take 1 line reversals, but that time is not every time.

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